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NEM (XEM) Price Analysis: NEM’s Market on a Passive Development


NEM is a double layered blockchain written in the most common programming language, JAVA, code built from scratch. The dual layer – the first, the cryptocurrency layer, the mainnet supports multiple ledgers on this layer and the second, Smart Assets layer supports mosaics to exhibit any stored value or data. NEM’s cryptocurrency is denoted by XEM which runs in the basis of Proof-of-Importance consensus algorithm. It’s architecture consist of – the NEM Infrastructure server and a client- used for interacting with the nodes. NEM’s main objective is to create an advanced blockchain technology that reduces the net requirement of energy for payments and transactions. It also made the whole process simpler by eradicating mining, because no advanced machine is required for its functioning...

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